More Casinos in Maryland Receive Permission to Launch Sportsbooks

Maryland Lottery And Gaming Sports Betting Background

Maryland is one of the latest states to formally legalize sports betting. Several land-based sportsbook licenses have already been awarded in the state. New reports have just surfaced claiming two more casinos in Maryland have just received permission to launch their own sportsbooks in the near future.

Sports fans here have been excited to see more betting options become available. Some major changes are set to take place within Maryland’s gambling industry over the next few years.

Here’s a look at which casinos will soon allow sports betting.

Two Casinos in Maryland Gain Permission to Offer Sports Betting

The US sports betting industry continues to expand rapidly. Maryland formally legalized sports betting earlier this year. Several delays have come up getting the state’s various sports gambling options up and running.

This week, news broke that two popular casinos gained permission to formally launch their own sportsbooks. Those casinos are the Ocean Downs Casino and Hollywood Casino. Both have large fan bases and have been working to receive a sportsbook license for months.

MGM National Harbor, Live! Casino & Hotel and Baltimore’s Horseshoe casino also have licenses to operate sportsbooks. Unfortunately, none of the state’s sportsbooks have gone live yet. This is due to the Maryland Lottery and Gaming Control Commission’s inability to formally give the green light. Governor Larry Hogan spoke to the media about this situation earlier this week.

“No one is pushing harder than I am to get sports betting up and running here in the State of Maryland,” Hogan said. “Our administration has now cleared five licenses for sports betting, implementing the referendum approved by voters and the law passed by the General Assembly.”

Still, it’s exciting to see more casinos in the state gain sports betting licenses. Once final approval is given, the state will likely see a huge surge of taxable sports betting revenue flowing in. Stay tuned for updates!

Casino Revenue in Maryland Continues to Impress

Much of the Northeastern United States has been working to expand its gambling industry over the past couple of years. That includes Maryland, which is now home to six different casinos. Some of these properties are owned and operated by the most profitable casino companies in the United States.

States around the country have recently released their revenue reports over the month of September. That includes Maryland. Many have been surprised to see how much money the gambling venues in this state managed to bring in.

Total gross gaming revenue came out to $165 million over September. This represents an impressive 15.1% increase when compared to September of 2020. MGM National Harbor managed to bring in the most revenue at $69,496,983.

Live! Casino & Hotel, home to 3,747 slot machines and 190 table games, brought in the second-most money at $56,496,012. Horseshoe Casino came next with $17,532,299.25. Nearly all of the casinos in the state managed to earn more revenue in September than they did the month prior.

Maryland’s casino industry is proving to be successful and sports betting options will soon launch here. We’ll be sure to offer more updates on this state’s gambling industry as the year goes on.

Florida’s Sports Betting Industry Could Launch Next Month

Maryland is not the only state to legalize sports betting, yet delay launching any sportsbooks. Florida is in a very similar situation. Unlike Maryland, however, this state’s delay came from several lawsuits filed by pari-mutuel companies operating in the state.

Governor DeSantis finally agreed to a compact with the Seminole Tribe this year to launch sports betting in the state in August. Under this agreement, the Seminoles will have permission to launch online sports betting statewide. Two pari-mutuel operators claim this is unconstitutional and will give the tribe a full monopoly on sports betting in the state.

Not long ago, a federal judge threw away the lawsuit directed at the Seminole Tribe. This didn’t resolve everything, though. An additional lawsuit was filed against the Department of Interior that has further delayed the launch of sports betting here.

This second lawsuit is expected to be resolved in November. Assuming the DOI wins, online sports betting will go live in the state. This means Florida residents could have access to regulated sports gambling options statewide within just a few weeks.

Are you excited to hear that more casinos in Maryland have gained permission to launch sports betting? When do you expect the first sportsbooks to go live here? Let us know in the comments section below.

Maryland’s Casino Revenue Takes a Slight Dip in August

Maryland Casino Revenue

Maryland is home to just over six million people. Interestingly, this small state in the Northeastern United States is developing quite the gambling industry. New reports have just surfaced showing that Maryland’s casino revenue took a slight dip this past August.

This is certainly no cause for concern. In fact, Maryland’s casino revenue is still performing great. Today, we’ll talk about how much money the casinos here managed to bring in last month.

Let’s get into it!

Reports Show a Drop in Maryland’s Casino Revenue This August

The casino industry in Maryland is only about a decade old. The first true Class III gambling venue here opened its doors in January of 2011. Since that time, five more casinos have opened here, all of which attract gambling fans on a regular basis.

Maryland’s casino revenue has broken records several times this year. The months of March, May, and July were particularly successful months for this industry. It seems that August was not quite as lucrative for the casino companies operating here.

Total gross gaming revenue in the state came out to $168.5 million. This represents a slight drop from the $180 million brought in last July. It is an impressive 12% increase in revenue when compared to August of 2020, though.

MGM National Harbor, which opened its doors in December of 2016, had the best month by bringing in more than $67 million. Live! Casino & Hotel came next at $59.5 million. Rocky Gap Casino performed the worst by bringing in just $5.9 million in total GGR.

Maryland will never be home to a casino industry that competes with the ones in Nevada and New Jersey. The casinos here still continue to perform well. Stay tuned for more revenue report updates as the year goes on.

Lottery Commission Delays the Launch of Maryland’s First Sportsbooks

Maryland is known for its large, passionate sporting fan base. Residents have been calling for sports betting to become legal in the state since PASPA was removed in 2018. In November of 2020, lawmakers here officially approved a set of bills to allow land-based and online sports gambling.

Since that time, regulators have been working to come up with a set of rules for this new form of gambling. Much of this has fallen into the hands of the Maryland Lottery Commission. This regulatory body has just announced that the launch of Maryland’s first sportsbooks is being delayed.

The original goal was to have these sports betting operations up and running by the opening game of the 2021/2022 NFL season. Unfortunately, the Lottery Commission has not agreed on several rules for this industry. That includes coming to agreements on how many sports betting licenses will be handed out.

Officials here remain determined to launch sports betting options as soon as possible. It’s reasonable to assume that sportsbooks will become available here at some point in the next few weeks.

Maryland is far from the only state set to expand its gambling industry this year. Here’s a quick look at some of the other areas of the country about to allow more forms of gambling.

More States are Set to Expand Their Gaming Options

The United States is home to the largest gambling industry in the world. Many states are now home to successful casino and sports betting industries. As the years go on, more areas of the country are working to add more regulated gaming options in hopes of bringing in tax revenue.

Washington is one of those areas. This state is already home to a huge number of casinos owned and operated by Native American Tribes. This week, the first regulated sports betting options will finally go live here in time for the opening game of the NFL season.

Arizona is another state set to begin offering sports betting this week. Lawmakers have needed to come to several key agreements with tribal groups in the state. Both land-based and online sportsbooks will soon go live here.

States including Florida, Connecticut, and Louisiana are working hard to get their first sportsbooks operational, too. All are likely to do so within six months. It will be interesting to see which of these states see the largest increase in gaming revenue, as a result.

Are you surprised to see Maryland’s casino revenue reports for the month of August? How do you think the casinos here will fare over September? Let us know in the comments section below.

Baltimore’s Casino Industry is Growing Quickly Right Now

Baltimore Maryland

The US casino industry continues to see major improvements as the months go on. Even some of the smaller gaming hubs around the country are experiencing a major comeback. According to new reports, Baltimore’s casino industry is seeing a particularly large surge of revenue right now.

The casino companies here have to be pleased with this development. Now is the perfect time to break down exactly how much money the gaming industry is earning. We’ll also take a look at the casino revenue figures in other parts of the country.

Let’s get into it!

Most Casino Companies Remove Major Restrictions

There are a huge number of major casino companies operating across the United States. Throughout 2020, these companies saw record-low revenue figures. It was the most difficult time in history for the entire US gaming industry.

It wasn’t until late spring and early summer that land-based casinos were given permission to reopen. When they finally did, these gaming properties were forced to abide by intense health regulations. That included very low capacity limits and requiring facial coverings by guests and employees.

As time went on, some of these regulations were lifted. Each state took its own approach, yet most began allowing casinos to increase their capacity. This significantly helped them to bring in more revenue.

Not long ago, the CDC announced that vaccinated individuals should no longer be required to wear masks in public settings. Many of the country’s casino hubs took advantage of this news. Over in Las Vegas, nearly all of the major casino-resorts have removed their mask mandate.

More of the biggest casino destinations around the country are removing more of their restrictions. It won’t be long before Atlantic City is able to operate the way it did in 2019. Most analysts expect a truly special summer for the casino industry.

Revenue from land-based casinos is already beginning to surge. We’re now beginning to hear more about Baltimore’s new surge of gaming revenue!

Here’s an Exciting Update on Baltimore’s Casino Industry

Maryland was a state that banned traditional casino gambling for many years. As the years went on, more individuals in this state began pushing for a change. These gambling proponents felt that a regulated casino industry could bring the state a huge amount of revenue each month.

Finally, in 2008, lawmakers approved a measure to allow commercial casinos here. It was a big change for the state. It didn’t take long for major casino companies to express an interest in opening a major casino-resort here.

There are now six different casino-resorts in Maryland. It appears that 2021 is shaping up to be one of the most successful years in history for these casinos. Reports have surfaced that claim Baltimore’s casino industry is now the third-largest in the country.

The American Gaming Association claims that the greater Baltimore-Washington gaming market, including a casino in West Virginia, is now even larger than the gaming industry in the Chicago area. Nancy Myshko, vice president of human resources at Live Casino in Hanover, spoke about this situation to the media this week.

“The expansion movement is moving forward and Live is a big part of that,” Nancy said. “Our volume is significantly increasing, so we have a demand for sure. We have the availability of some positions. It’s a very competitive environment.”

Gambling revenue in Maryland will continue to surge as 2021 goes on. It may not be a shock to see new gambling properties open here in the next few years. Stay tuned for updates!

Las Vegas Continues Preparing for a Busy Summer

There’s no doubt that the US casino industry is expanding rapidly right now. Many of the smaller gambling hubs around the country are seeing impressive revenue increases right now. Of course, Las Vegas is still the biggest, most successful casino destination in the world right now.

Las Vegas has been seeing a steady increase of visitors lately. The state’s gaming commission has been reporting consistent increases in gaming revenue. Now, many of the casino companies here are preparing for a very busy summer.

This seems more likely than ever now that so many of the restrictions in the city have been lifted. Vaccinated individuals no longer need to wear masks. The vast majority of casino-resorts in the city are back at full capacity, too.

Many are excited to see how the opening of Resorts World Las Vegas affects tourism rates here. This venue cost an astounding $4.3 billion to construct. It will finally open its doors to the public for the first time on June 24.

The entire US gambling industry is expanding rapidly. The country’s bigger and smaller casino hubs are seeing revenue increases right now. Hopefully, this continues as the year goes on.

Are you surprised to hear how Baltimore’s casino industry is faring right now? How long do you think this will continue? Let us know in the comments section below.

Maryland’s Gaming Revenue Has Dropped Significantly in 2020

The past four months have been incredibly difficult for land-based casinos around the United States. Many of the country’s casinos have begun to reopen, yet nearly all of them are struggling to bring in players. New reports on Maryland’s gaming revenue have just been released that shows how tough of a year 2020 has been for the casinos in this state.Maryland Icon

Casino revenue is dropping in every single state. Today, we’re going to look at exactly how much money the gaming venues in Maryland managed to bring in so far this year. We’ll also discuss revenue figures in other parts of the country.

Let’s get into it!

The Casino Industry in Maryland is Now Up and Running

The state of Maryland is home to six major casinos. It wasn’t until 2012 that lawmakers began allowing table games to be played inside these gambling venues. This industry has been growing steadily since that time.

At the start of this year, things looked great for the casinos here. Revenue was increasing and some felt that Maryland was growing to become one of the new gambling hubs on the East Coast. It even looked like sports betting was set to become legal here. Unfortunately, all of the state’s casinos were forced to close down in March of this year.

State leaders were initially unwilling to say when the casinos here would be allowed to reopen. New cases of Covid-19 have been fairly low here but many remain extremely cautious to get things back on track. Early last month, Governor Larry Hogan told the media that casinos would be allowed to reopen on June 19th.

All of the state’s casinos have now reopened with safety measures set in place. That includes social distancing measures and limiting contact between players. If cases begin to spike in Maryland, there’s a chance Governor Hogan will require the state’s casinos to close once again.

It’s been an incredibly difficult time for the companies operating these casinos. These companies are now working hard to attract new players. New revenue reports are beginning to come out here that show the toll the global pandemic has taken on this industry.

Maryland’s Gaming Revenue Has Already Dropped by 27% This Year

We’re only just beginning to see how badly the US casino industry is being affected by the events happening around the world. Even the casinos that have completely reopened are finding it difficult to generate revenue. As more regulations are set in place at these casinos, fewer people are choosing to gamble.

According to new reports from state gaming and lottery officials, Maryland’s gaming revenue has dropped by an incredible 27% so far this fiscal year. Over the fiscal year, casinos here generated $1.28 billion. Obviously, the majority of this money was made prior to the casino shutdowns in March. It’s still unclear how much money has been over the past few weeks.

MGM National Harbor, arguably the biggest and most popular casino in the state reopened on June 26th and generated $8 million over the next five days. Live! Casino & Hotel reopened on June 19th and made $15.9 million that month. Horseshoe Casino opened back up to the public on June 28th and managed to bring in $2.6 million over the next two days.

In total, Maryland’s gaming revenue for June came out to $34.9 million. $14.6 million of that went directly to the state in taxes.

Most analysts predict that casino revenue will be significantly lower this calendar year than it was in 2019. Some believe the US casino industry will never look the same way it did just a few months ago. We’ll continue to offer updates on the amount of revenue earned here as the year goes on.

Nevada’s Casino Revenue Was Almost Non-Existent in May

Just a few days ago, we reported on the revenue figures for the state of Nevada in May. Incredibly, revenue here dropped by 99.4% that month. It’s not very surprising when you consider the fact that all the casinos here were closed for the entire month.

The only money generated here came from the state’s regulated online gambling options. Las Vegas Strip casinos managed to bring in $3.8 million in May. Fortunately, things are guaranteed to be better in June.

Many of the top casino-resorts in Las Vegas opened back up on June 4th. Guests have been visiting and gambling inside these venues, albeit with major restrictions set in place. Plexiglass barriers separate players and wearing a mask is now mandatory inside all casinos here.

It’s difficult to predict how much money was earned last month. It will be a major indicator for how the rest of the year will go. In fact, June may prove to be the most successful month for the casinos here after reopening.

Maryland’s gaming revenue in fiscal 2020 dropped sharply. We’ll need to see if things improve over the next few weeks.

Have you visited any land-based casinos since March? How was your gambling experience? Let us know in the comments section below!

Goucher College Poll Shows Maryland Residents Divided Over Sports Betting

Sportsbook in CasinoAccording to a Goucher College poll released Monday, Maryland residents are almost evenly split down the middle when it comes to the legalization of sports betting in their state.

The Goucher College poll surveyed a total of 713 Maryland residents, by phone, and was conducted Feb. 13-18. The margin of error, of plus or minus, is 3.7 percent.

The results found that 49% of Maryland residents oppose expanding gambling that would allow sports betting to take place at racetracks, casinos or stadiums. On the other hand, 45% of Maryland residents are in favor of allowing it.

When it comes to allowing online sports betting, through the means of either placing wagers online or through an app as opposed to a physical casino sportsbook, those in favor slightly tip the scale with 47% of respondents in favor of it, compared with 43% of respondents who oppose it.

The Goucher College Poll comes during a time where Maryland lawmakers have been in serious consideration of legalizing sports betting. They have been considering uses for the tax revenue, and whether is would be best placed for the state’s K-12 education.

According to Mileah Kromer, director of the Sarah T. Hughes Field Politics Center at Goucher, it’s unsure whether respondents know that lawmakers are discussing divvying up the tax revenue for the public school’s use. What’s clear, however, is that same level of division among respondents has been seen in previous polls.

“They are divided now,” Kromer said. “But my guess is that because public education is important to people, you’d see different numbers if they made that connection.”

State Pushes Forward, Will Need Public’s Approval

While state lawmakers are working toward passing through legislation that would permit sports betting in the state, according to the law, voters get the final stamp of approval. For legislation to pass, voters will need to approve it in a ballot referendum in November for it to get the green light to actually go through.

The General Assembly is also debating whether or not they should ask voters to remove themselves from the decision process completely, that’s if Maryland expands gambling in the future. Even still, voters get the final say in whether or not they want to be apart of that decision process.

Legalized Gambling in Maryland

Currently, on-site gambling is allowed in Maryland’s six casinos: Rocky Gap Casino Report in Flinstone, Horseshoe Casino Baltimore, Hollywood Casino Perryville, Live! Casino & Hotel in Hanover, Ocean Downs in Berlin, and MGM National Harbor in Oxon Hill.

According to state analysts, Maryland’s total casinos are expected to generate nearly $1.8 billion in gross gambling revenue in the 2021 fiscal year. That revenue would allot $542 million to be used on the state’s Education Trust Fund.

While the support for education in the state is high, Marylanders get immediately turned off if they feel they’re being taxed too high, and it bleeds into their decision-making process for legalized sports betting.

“There is a high level of support for education. And then you see where the rub is. Marylanders feel like they are taxed too much,” Kromer said. “When asked about more services and more taxes, you see the plurality saying keep everything the same.”

Odds Favor Maryland Sports Betting Bills to Go To Ballot in November

It’s been a slow and painful process, but it appears that sports betting is finally on the horizon for Maryland. The debate is no longer whether or not sports betting should be legalized, but rather, the debate is now in regards to when legal wagering will start and where it could take place at.

Maryland Icon

These issues could be resolved this November when sports betting is expected to be on the ballots for the public to vote on. If approved, Maryland could have legal sports betting by December 2020.

Multiple Issues to Consider

The first step in this process is for the state’s legislature to pass a bill that can be voted on. Currently, there are multiple bills to consider. Last year, a sports betting bill was presented to the General Assembly, but it never really got off the ground. A version of that bill could still be in play.

Currently, the majority of discussions have been centered on bill SB 58 which was authored by Senator Chris West. This bill isn’t as comprehensive as we’ve seen from other states, but it’s a starting point that Senator West and his constituencies hope will lead to fruitful resolutions.

Online and Mobile Sports Betting

With momentum picking up, thanks to West’s bill, there’s still multiple issues that need to be resolved. For starters, where will Maryland residents be able to wager on sports. SB 58 states that residents can only wager on sports at casinos and racetracks.

Maryland has 11 casinos and racetracks, which would be the only venues to get a sports betting license if SB 58 is passed. West believes that residents wagering at these locations will help create revenue for the venues and nearby businesses. However, he’s against online betting, which would be a huge mistake.

West believes that legalized sports betting could generate $40 to $60 million dollars in revenue each year based on the proposed 20% tax rate. Unfortunately, those numbers aren’t realistic without online and mobile betting.

This is where additional bills are expected to be drafted during the state’s session. Other legislators have seen how online sports betting has created massive numbers for neighboring states like New Jersey and Pennsylvania. It’s believed that 80% of their sports betting revenue has come from online and mobile sports wagering.

Other sports betting issues to consider:

  • Where will the tax revenue go?
  • Who will be in charge of sports betting?
  • Will it be permitted to wager on in-state schools?

Early indications are that the majority of state leaders want to see the revenue go to education funds. Maryland Lottery is the frontrunner to oversee sports betting as they’re already set up to manage such gaming activities.

Lastly, it’s a good bet that Maryland follows what other states have done and ban all wagers on in-state schools.

Sports Betting Getting a Push From Daniel Snyder

In addition to state leaders making a significant effort, Washington Redskins owner Daniel Snyder has also entered the picture by pushing for legalized sports betting. The billionaire owner recently met with state lawmakers to share his vision on this topic.

Snyder’s team plays in Landover, Maryland, and the owner wants to build a new stadium that will allow sports betting. This scenario would boost revenue for all parties involved and add some excitement for in-stadium fans.

If all goes according to Snyder’s vision, this in-stadium betting could spread throughout the NFL as Maryland’s other football team the Baltimore Ravens might also embrace sports betting at their stadium as well.

With a major in-state sports franchise pushing for legalization, it’s just one more factor that will help sway the general public to vote for sports betting in November.

FanDuel Ready to Operate

Last month, FanDuel entered a partnership with Cordish Companies who own Maryland Live!, which is the largest casino in the state. The partnership makes FanDuel the official sports betting operator for all of Cordish Companies’ venues both in Maryland and in nearby states like Pennsylvania where they have numerous venues.

Once Maryland officially legalizes sports betting, which won’t be until December 2020 at the earliest, the state’s largest casino will be ready to launch sports betting the first day allowed. It’s safe to say that the other five casinos will also follow suit and find sports betting partnerships sooner than later.

Casino Revenue in Maryland Falls in September

  • Casino revenue in Maryland fell last month.
  • National Harbor Casino and Rocky Gap Casino experienced revenue increase.
  • Many lawmakers are still pushing for sports betting regulation in MD.

Maryland is now home to several top casino venues. These casinos have helped to bring the state serious money over the years. Unfortunately, casino revenue in Maryland dropped last month.

Revenue Decline Image

It’s not any major cause for concern. Gambling revenue is always fluctuating around the country. Today, we’re going to look at how much casino earnings fell last month. We’ll also take a quick look at the state of Maryland’s casino industry.

Maryland’s Road to Casino Legalization

Maryland has a fascinating history of gambling regulation. Back in the 1800s, a huge number of gambling venues were operating in this state. Lawmakers began to get concerned over the growing rates of crime associated with the gambling industry, and eventually implemented a complete gambling ban.

Over the next century, the state government began taking a closer look at gambling legislation. In 1920, the state formed a Racing Board to oversee the state’s horse race gambling industry. In the 1940s, lawmakers here legalized slot machine gambling and before long, there were slots everywhere.

Slots were once again banned in 1963 and eventually, all traditional forms of gambling were banned in Maryland. In 2010, this all changed once again! Lawmakers here allowed Maryland residents to vote on casino legalization. The voters approved these casino plans and by 2012, several casino venues began operating in this state.

Casino revenue in Maryland quickly began to increase. Gambling proved to be extremely popular here and casinos helped to draw in tourists from nearby states. Unfortunately, revenue from this industry dropped last month.

Casino Revenue in Maryland Falls Short in September

On Monday, the Maryland Lottery and Gaming regulatory board released the state’s gambling revenue figures. According to this report, the state’s six casinos brought in a combined $142.2 million in September. This represents a 1.1% decline from the same month in 2018.

Slot machines brought in $93.5 million last month, not far under the norm. Table game revenue brought in just $48.7 million.

Interestingly, only two casinos in this state managed to increase their revenue in September. The National Harbor Casino, which reported a 6% revenue increase, and Rocky Gap Casino Resort, which saw its revenue grow by 3.2%. The other four casinos operating in this state saw their revenue decrease in September.

Overall, the state managed to bring in $59.2 million last month. Much of this revenue will go to keep the state’s horse racing industry up and running.

There isn’t much to be worried about. Gambling revenue here fell by just 1.1%. It’s very likely that gambling earnings will bounce back in October.

Legal Sports Betting Push Continues in Maryland

Maryland is now heavily invested in its gambling industry. The state uses its casino revenue to fund various projects. Unsurprisingly, several lawmakers here are now working to open up additional forms of gambling.

In May of 2018, the US Supreme Court struck down PASPA. Now, every state in the country can set laws on sports gambling. 19 states have begun regulating their sports betting platforms. Many more have legislation pending to open their sports betting markets.

Maryland House Bill 989 was presented in the state’s legislature in February of 2018. This bill allows for the creation of a task force to “study the implementation of sports gaming in the state.” Unfortunately, it failed to pass in the 2018 legislative session and it seems unlikely that sports betting will be made legal here in 2019.

Many believe that Maryland will choose to regulate sports gambling next year, though. It would help to generate millions of additional dollars for the state every single year.

There are many fantastic online casinos in MD operating right now. Most of these sites offer a massive range of different gambling options. Feel free to check them out today!

Stay tuned for more Maryland gambling news over the next few months!